rajeshkn (CEO) (66 Points)
07 March 2009Dear All,
Can some one let me know what is the TAX slabs for a PVT LTD Co?
or to out it in simpler form, We run a PVT LTd Co & at the current stage, the company is at a nett profit of 2,20,000/-. We have made an advance tax payment of 20,000/- and we have a TDS deduction made by our clients to the tune of 45,000/-. That makes it an advance tax paid of 65,000/-
What would be our tax liability for this 2,20,000/- profit??
Should I pay any advance tax again by March 15th?
Kindly clarify.
Rajesh
Pratik K
(Student)
(3406 Points)
Replied 07 March 2009
| Income-tax on Rs. 220,000 is Rs. 67,980.00 | ||
| Surcharge Rs. 0.00 | ||
| Education Cess Rs. 1,320.00 | ||
| Secondary and Higher Education Cess Rs. 660.00 |
calculation for Rs220000 net taxable income
so total payment need to be67980
kaustubh
(CA, CS , CFM)
(293 Points)
Replied 07 March 2009
is it the profit after making all the adjustments?
thats more imp b4 giving you a reply
CAclubindia
